TORM

Torm’s share fell about 6.3% in premarket trading after the report that OCM Njord Holdings S.à r.l. plans a secondary placement of 9 million class A shares. The vehicle is indirectly controlled by funds of Oaktree Capital Management and ultimately by Brookfield; the company itself is not selling shares and will receive no proceeds. Before the transaction the selling shareholder held about 20% of the class A common shares, and J.P. Morgan was granted a 30-day option for up to 1.35 million additional shares, meaning up to 10.35 million shares could enter the free float. The large supply combined with a weak overall market led to increased selling pressure and the price decline. » Więcej na de.investing.com

Torm’s stock rose to a 52-week high of 35.35 USD and is currently trading at 35.38 USD, with a year-to-date return of 83.48% and a 53.13% increase over the past year. InvestingPro still rates the stock as undervalued and cites a dividend yield of 28.09% and a P/E ratio of 5.56. For Q2 2026 Torm reported record revenue of 662.8 million USD (expectation 506.92 million USD), while adjusted earnings per share of 3.25 USD were slightly below forecasts. Analyst Evercore ISI raised the price target to 38 USD and maintained an “Outperform” rating despite higher operating costs and spot-rate deviations in core segments. » Więcej na de.investing.com

TORM reported a record quarter with Q2 TCE of $512 million and net profit of $338 million, driving EBITDA to $416 million and EPS to $3.31. Management raised full-year TCE and EBITDA guidance and approved a $2.40 per share dividend, while net interest-bearing debt fell and NAV per share was reported at $36.50. Executives warned the gains stem largely from geopolitical disruption around the Strait of Hormuz that can reverse quickly, and the company faces higher operating costs, multi-year newbuilding commitments and volatile freight-rate risk. » Więcej na finance.yahoo.com